Abu Dhabi – Mubasher: Mubadala Investment Company has launched a $1 billion investment fund in the Emirate of Abu Dhabi, the Emirates News Agency (WAM) reported on Friday.
Named Abu Dhabi Catalyst Partners (ADCP), the new fund is located at the Abu Dhabi Global Market (ADGM) and will seek partnerships with top tier and up-and-coming investment firms and leading businesses and professionals.
“With Mubadala’s scale and networks across key international capital markets, I am confident we will generate attractive returns while having a positive impact on the ADGM ecosystem of investors, investees, and service providers,” Mubadala’s deputy group CEO Waleed Al Mokarrab Al Muhairi, said.
The fund will explore investment opportunities in the UAE and abroad and boost Mubadala’s presence in major markets.
“We have a brilliant team of local and global talent and are looking forward to pursuing our ambitious investment strategy,” ADCP’s CEO Guy Hurley commented.
